PJ Financial Solutions Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 08256439 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

PJ Financial Solutions Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

PE Jones

Mrs H M Jones

SECRETARY:

REGISTERED OFFICE:

Office 10

Broadaxe Business Park

Presteigne

Powys

LD8 2UH

REGISTERED NUMBER:

08256439 (England and Wales)

ACCOUNTANTS:

Housego Accountancy & Taxation

Office 10

Broadaxe Business Park

Presteigne

Powys

LD8 2UH

FIXED ASSETS

Intangible assets

2

61,750

71,250

Tangible assets

3

37,971

29,220

99,721

100,470

CURRENT ASSETS

Debtors

19,882

7,931

Cash at bank

58,274

21,317

78,156

29,248

CREDITORS

Amounts falling due within one year

65,027

46,516

NET CURRENT ASSETS/(LIABILITIES)

13,129

(17,268

)

TOTAL ASSETS LESS CURRENT LIABILITIES

112,850

83,202

CREDITORS

Amounts falling due after more than one year

20,580

20,100

NET ASSETS

92,270

63,102

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

92,170

63,002

SHAREHOLDERS' FUNDS

92,270

63,102

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 21 November 2016 and were signed on its behalf by:

PE Jones - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment 20% on a reducing balance basis

Improvements to property 10% on a reducing balance basis

Motor vehicle 25% on a reducing balance basis

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

95,000

AMORTISATION

At 1 April 2015

23,750

Amortisation for year

9,500

At 31 March 2016

33,250

NET BOOK VALUE

At 31 March 2016

61,750

At 31 March 2015

71,250

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

37,757

Additions

22,178

Disposals

(10,000

)

At 31 March 2016

49,935

DEPRECIATION

At 1 April 2015

8,537

Charge for year

5,927

Eliminated on disposal

(2,500

)

At 31 March 2016

11,964

NET BOOK VALUE

At 31 March 2016

37,971

At 31 March 2015

29,220

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

2

Ordinary

1.00

100

100